Foreclosure Homes in Pigeon Forge, TN 37863

Current Market Conditions in Pigeon Forge, TN

The real estate market in Pigeon Forge has seen robust growth over recent months, driven by the area's appeal as both a tourist destination and a place to live. There has been a notable increase in property values, making homeownership more competitive but still attractive to prospective buyers. The demand for vacation rentals has also surged, contributing to investment opportunities in residential properties.

As of late 2023, Pigeon Forge experiences a tight housing market with limited inventory and increasing prices. Homes are selling quickly, often above the asking price, as the demand continues to rise. This trend shows potential investors that the area remains a hotspot for short-term rental opportunities.

Rent Prices In Pigeon Forge, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pigeon Forge, TN, is on a rollercoaster ride. The average rent price in Pigeon Forge, TN, is $1,316.00. Indeed, when looking to rent in Pigeon Forge, TN, you can expect to pay as little as $430.00 or as much as $3,020.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Pigeon Forge, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.